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CrossCheck

Automated Appraisal Review Tool

Appraisal Software

Simplified Appraisal Review and Underwriting

CrossCheck is an automated appraisal review tool that enables Lenders, AMC, and appraisal reviewers to validate the accuracy of an appraisal report within seconds without having to go through each detail manually.

CrossCheck validates and gives the appraisal report relevant scores based on compliance, consistency, value complexity, and completeness.

Scoring

CrossCheck runs the appraisal report through an automated review and assigns a score to the appraisal report, and rates it as low, medium, or high. The assigned score and rating are based on the 1000+ built-in rules when reviewing a report.

Configurable Checklists

CrossCheck can be customized to meet the specific requirements of your clients. Separate checklists can be created for different clients and can be easily set up in appraisal desk management software. Rules in the checklist can be categorized as Errors or Warnings which enables reviewers to quickly see the most important issues for a particular client.

UCDP and EAD Findings

The overview screen highlights and gives the reviewer a count of the UCDP & EAD errors and warnings and LCS/CU score. The errors and warnings are highlighted on standard rules that must be met when submitting an appraisal report.

Comparable Analysis

The user interactive graph compares the subject property with comps and highlights actual and adjusted cost differences. The graph also gives an insight to the reviewer on whether the comps selected for the appraisal were suitable. The section highlights whether the property lies in the high, pre-dominant, or low category.

Map View

A new satellite map view displays the subject property and its comps so the reviewer can easily see the properties the subject property has been compared with. Using the maps, the reviewer gets a bird’s eye view of the distance between the comps and the subject property based on the range of radius, miles, and location.

Bracketing

CrossCheck allows you to bracket a subject property with its comps. The subject property is bracketed on various features, i.e., age, no. of bedrooms, condition, gross living area, quality, and site size. If the subject property attributes fall within the range of the comparable, it will be marked as bracketed; otherwise, the system will mark it as “not bracketed.”

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Leader In Technology-Driven Solutions For The Evolving Mortgage Industry

Reduce Review Time
Ensure Accuracy
Eliminate Human Errors

Automate Your Valuation Management Process

Automate Your Valuation Management Process

Trusted by Leading Lenders and AMCs

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